Fair Isaac (NYSE:FICO) Price Target Raised to $1,418.00 at Raymond James

Fair Isaac (NYSE:FICO) had its price target lifted by Raymond James from $1,413.00 to $1,418.00 in a research note released on Friday, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Several other brokerages have also recently commented on FICO. Redburn Atlantic initiated coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a neutral rating and a $1,113.00 price target for the company. Jefferies Financial Group lifted their price objective on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a buy rating in a research note on Wednesday, January 17th. Barclays lifted their price objective on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an overweight rating in a research note on Friday, January 26th. Royal Bank of Canada reissued a sector perform rating and set a $1,350.00 price objective on shares of Fair Isaac in a research note on Friday, January 26th. Finally, Needham & Company LLC reissued a buy rating and set a $1,500.00 price objective on shares of Fair Isaac in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fair Isaac currently has an average rating of Moderate Buy and a consensus price target of $1,224.40.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,110.85 on Friday. Fair Isaac has a one year low of $714.63 and a one year high of $1,349.75. The company has a 50 day moving average of $1,237.78 and a 200-day moving average of $1,152.75. The stock has a market cap of $27.60 billion, a price-to-earnings ratio of 58.31, a P/E/G ratio of 2.46 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.76 by $0.11. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.94%. The company had revenue of $382.06 million during the quarter, compared to analysts’ expectations of $386.55 million. Equities research analysts anticipate that Fair Isaac will post 19.93 earnings per share for the current year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $1,259.91, for a total value of $10,079,280.00. Following the transaction, the chief executive officer now owns 28,638 shares of the company’s stock, valued at $36,081,302.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 24,000 shares of company stock valued at $29,011,120. 3.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. bought a new position in Fair Isaac in the fourth quarter valued at approximately $35,000. DSM Capital Partners LLC bought a new stake in shares of Fair Isaac in the fourth quarter worth $37,000. ZRC Wealth Management LLC bought a new stake in shares of Fair Isaac in the first quarter worth $47,000. First Horizon Advisors Inc. lifted its position in shares of Fair Isaac by 28.1% in the fourth quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock worth $48,000 after purchasing an additional 9 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Fair Isaac in the fourth quarter worth $50,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.